Insights

Markets Anticipate Credit Tightening as USD-Asia Shifts Create Tactical Opportunities

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1.     JPXN -Near Term Overextended‍

2.    US Consumer Discretionary - Model Momentum Waning‍

3.    Viva Brazil! Just not at these levels

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1. Where next for King Dollar?‍

2. Macro Risk & Gold‍

3. Dollar weakness = Room forTech to outperform Discretionary

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1. The Trump Discount - EURUSD
2. SPY sensitivity to Dollar& 5s30s hitting extremes
3. What's priced? Global government

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1. Trump Pivot coincides with Credit Impulse Extremes
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2. S&P500– Past Peak Uncertainty but Path Still Choppy
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3. MDAX Value from Recent Chaos

1. USDJPY

2. NASDAQ back in macro regime

3. Bonds vs Commodities - recession vs inflation

1. Equities vs. Bonds
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2. Inflation vs. Recession
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3. Aussie- a cheap "risk on" bet

Europe vs US:
Time to catch your breath
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1. Regime change for EURUSD?

2. If the US sneezes, will Europe catch a cold?

3. US HY vs. Itraxx Xover

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Navigating the Pullback:
Macro Impact on Styles

1. Credit spreads - the dog that’s yet to bark
2. Recession or positional flush?
3. Message from the US yield curve